Australia’s rising inflation is being blamed on global forces and the Reserve Bank, but economists point to a deeper issue: domestic policy settings that may be working against the fight to bring prices under control. Have you wondered why the Treasurer continues to point to the Reserve Bank of Australia, the Middle East, and supply…
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Rates Rise, Nerves Follow – RBA Lifts Rates Again to 4.1% and Signals the Fight Is Not Over
The Reserve Bank has lifted its benchmark cash rate by a quarter of a percentage point to 4.1 percent, returning it to where it sat a year ago. That symmetry is neat. The reality is not.